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Austin Metro Continues to Dazzle Investors

BEE CAVE, TX—One of the greatest strengths of the nearly 100-acre retail property that recently sold is the hilly topography, limiting future competition and making it nearly impossible to replicate.

Shops at the Gallieria The Shops at the Galleria are fully occupied by a national tenant roster.

BEE CAVE, TX—The Shops at the Galleria, a fully occupied, 537,684-square-foot regional power center 16 miles southwest of Austin, have sold for an undisclosed price. Oakbrook, IL-based InvenTrust Properties Corp. purchased the asset from Christopher Commercial Inc.

The asset is located at 12780 Shops Pkwy. along Highway 71 between RR 620 and Bee Caves Rd., and is situated directly across from the Hill Country Galleria. It was completed in 2005 and is occupied by a strong roster of national retailers, including Lowe’s Home Improvement, Home Goods, Michael’s, Marshalls, Old Navy, PetSmart, World Market, Best Buy, ULTA and Office Max.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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